Markets· ★★★· bearish·

Charles Edwards: Bitcoin needs a weekly close above $78,000

  • —BTC is around $75,900, about 2.8% below the $78,000 level
  • —$771.82 million in positions were liquidated in 24 hours, 91% of them longs
  • —$450.4 million was withdrawn from Bitcoin ETFs, with IBIT losing $161.7 million
  • —Analyst Credible Crypto expects a bottom 10% lower before a 200% rally
Why it matters: A weekly close below $78,000 would confirm the bearish scenario and increase pressure on BTC after the CLARITY Act failure.
#BTC
Source: Bitcoin.com
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